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Review for the updated 2015 PMP exam with complete, interactive online practice
UPDATE: The PMP exam update has moved to January 11, 2016 to allow all stakeholders adequate time to prepare for this change
PMP Project Management Professional Exam Deluxe Study Guide is your comprehensive solution for studying for the PMP. Fully updated to align with the Project Management Institute´s latest exam, this guide provides detailed information on initiating the project, planning the project, executing the project, monitoring the project, and much more. . The material covers 100% of the exam objectives, and each chapter includes a list of objectives followed by in-depth discussion, real-world scenarios, and sidebars that relate each topic to your current project. Each chapter concludes with comprehensive review questions and ´Exam Essentials´ that aid in self-assessment. Gain access to the Sybex Interactive Online Learning Environment, featuring an assessment test, practice exam questions, hundreds of electronic flashcards, a PDF glossary, audio instruction, and free ebook to help you focus your learning. Two bonus CAPM exams make this book equally valuable for those studying for the Associate in Project Management certification.
Review a wide range of PMP concepts, topics, and terms
Learn how important topics are applied in the real world
Test your understanding with comprehensive review questions
Practice with electronic flash cards and sample exam questions
30 days of free video training provides access to over 20 hours of hands-on PMP training from the subject-matter experts at ITProTV
The clear explanations of key concepts and terms will help you feel more confident going into the exam, and the logical flow of material helps you integrate each individual topic into a single cohesive knowledge base. For the ultimate in PMP exam preparation, the PMP Project Management Professional Exam Deluxe Study Guide, 2nd Edition is your one-stop solution.
Table of Contents
Introduction xxi
Assessment Test xxxiii
Chapter 1 What Is a Project? 1
Is It a Project? 2
Projects vs. Operations 3
Stakeholders 5
Project Characteristics 7
What Is Project Management? 7
Programs 8
Portfolios 9
Project Management Offices 10
Skills Every Good Project Manager Needs 12
Communication Skills 13
Organizational and Planning Skills 13
Conflict Management Skills 14
Negotiation and Influencing Skills 14
Leadership Skills 15
Team ]Building and Motivating Skills 15
Role of a Project Manager 16
Understanding Organizational Structures 16
Functional Organizations 17
Projectized Organizations 20
Matrix Organizations 22
Project ]Based Organizations 26
Understanding Project Life Cycles and Project Management Processes 26
Project Phases and Project Life Cycles 26
Project Management Process Groups 29
Understanding How This Applies to Your Next Project 36
Summary 36
Exam Essentials 37
Review Questions 39
Chapter 2 Creating the Project Charter 45
Exploring the Project Management Knowledge Areas 47
Project Integration Management 49
Project Scope Management 50
Project Time Management 51
Project Cost Management 51
Project Quality Management 52
Project Human Resource Management 53
Project Communications Management 54
Project Risk Management 55
Project Procurement Management 55
Project Stakeholder Management 56
Understanding How Projects Come About 56
Needs and Demands 57
Feasibility Studies 59
Performing Project Selection and Assessment 60
Using Project Selection Methods 62
Applying Project Selection Methods 68
Kicking Off the Project Charter 70
Project Statement of Work 70
Business Case 71
Agreements 72
Enterprise Environmental Factors 72
Organizational Process Assets 73
Tools and Techniques 75
Formalizing and Publishing the Project Charter 75
Pulling the Project Charter Together 76
Key Stakeholders 76
Project Charter Sign ]Off 79
Identifying Stakeholders 79
Identify Stakeholders Inputs 79
Stakeholder Analysis 80
Stakeholder Register and Strategy 83
Introducing the Kitchen Heaven Project Case Study 83
Understanding How This Applies to Your Next Project 87
Summary 88
Exam Essentials 89
Review Questions 91
Chapter 3 Developing the Project Scope Statement 97
Developing the Project Management Plan 99
Developing Inputs 100
Documenting the Project Management Plan 102
Plan Scope Management 104
Understanding the Plan Scope Management Inputs 105
Using Plan Scope Management Tools and
Techniques 106
Documenting the Scope Management Plan 107
Documenting the Requirements Management Plan 107
Collecting Requirements 108
Using the Tools and Techniques of the Collect Requirements Process 110
Documenting Requirements 112
Defining Scope 115
Product Analysis 116
Alternatives Generation 117
Writing the Project Scope Statement 118
Understanding the Scope Statement Components 118
Approving and Publishing the Project Scope Statement 125
Updating the Project Documents 125
Creating the Work Breakdown Structure 126
Gathering the WBS Inputs 127
Decomposing the Deliverables 128
Constructing the WBS 129
Creating WBS Process Outputs 137
Understanding How This Applies to Your Next Project 141
Summary 142
Exam Essentials 143
Review Questions 145
Chapter 4 Creating the Project Schedule 151
Creating the Schedule Management Plan 152
Defining Activities 154
Define Activities Process Inputs 154
Tools and Techniques for Defining Activities 154
Define Activities Outputs 155
Understanding the Sequence Activities Process 156
Sequence Activities Tools and Techniques 157
Sequence Activities Outputs 162
Estimating Activity Resources 162
Estimate Activity Resources Inputs 163
Estimate Activity Resources Tools and Techniques 164
Estimate Activity Resources Outputs 165
Estimating Activity Durations 165
Estimate Activity Durations Inputs 166
Estimate Activity Durations Tools and Techniques 166
Estimate Activity Durations Outputs 170
Developing the Project Schedule 171
Develop Schedule Inputs 172
Develop Schedule Tools and Techniques 173
Scheduling Process Outputs 185
Understanding How This Applies to Your Next Project 194
Summary 195
Exam Essentials 196
Review Questions 198
Chapter 5 Developing the Project Budget and Communicating the Plan 205
Creating the Project Cost Management Plan 206
Performing Plan Cost Management 207
Creating the Cost Management Plan 207
Estimating Costs 209
Estimate Costs Inputs 210
Tools and Techniques to Estimate Costs 212
Estimate Costs Process Outputs 214
Establishing the Cost Baseline 215
Determine Budget Inputs 216
Determine Budget Tools and Techniques 217
Determine Budget Process Outputs 218
Understanding Stakeholders 221